All Posts Tagged: housing starts
Headline third-quarter GDP growth came in at a robust 3.5% after coming off of a sizzling 4.2% pace of growth in the second quarter.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Oct. 26.Key observations:
- Robust consumer spending and inventory building drove the strong GDP growth last quarter.
- Residential construction spending is already contracting, dropping at a 4.0% pace in the third quarter.
- Perhaps the most convincing reason to be skeptical about continued growth at recent rates is the fact that business participation in the expansion is declining, rather than ramping up.
- We expect U.S. GDP growth to slow again in the fourth quarter to around a 2.4% pace, and continue to gradually slow in 2019.
Much of the recently released U.S. housing market data has been on the weaker side.Read More ›
Upside U.S. economic surprises were a common theme this week, helping to support the post-election equity rally and prolonging the Treasury bond market sell-off.Read More ›
The current low interest-rate environment, healthy labor market, and rising real personal incomes will power the housing market recovery to new highs in 2016.Read More ›
Economic indicators point to a strong year ahead for those in the nursery/greenhouse industry.Read More ›